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Property Description

Excellent investment opportunity! This duplex generates a strong gross income of $51,708/year and offers two spacious units, each featuring 2 bedrooms, 1 full bathroom, and approximately 800 sq.ft. of living space. The front unit was updated with new vinyl plank flooring in 2021 and has been occupied by the same tenant for 4 years, while the back unit houses a long-term tenant. Both tenants are Section 8, ensuring on-time rent payments and stable income. The property also includes a 2-car garage, offering ADU potential or the opportunity for a garage conversion to increase rental income. Located in a high-demand rental area, this duplex offers consistent cash flow, strong tenant stability, and long-term upside. Perfect for any investor looking to secure a solid income-producing asset with built-in value-add options.

Overview

Property Status
Sold
Lot Size
7,542 Sq.Ft.
MLS ID
OC25101014
Property Type
Multi-Family
Year Built
1954

Features & Amenities

Total Area
1,625 Sq.Ft.
Neighborhood
Los Angeles County
Architecture Styles
Mid-Century Modern
View Description
None
Stories
1
Garage Spaces
2.0
Water Source
Public
Utilites
Electricity Available, Sewer Connected, Water Available
Pool
None
Roof
Tar/Gravel
Lot Features
2-5 Units/Acre
Parking
Driveway, Garage Faces Side
Heat Type
Heat Pump
Air Conditioning
Heat Pump
Laundry Room
Washer Hookup, Electric Dryer Hookup, Inside
Fireplace
None
Sewer
Public Sewer
Substructure
Slab
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sales Price
$510,000
Zoning
LRR2*

Downloads

1231 W Avenue H15

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